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NYSE:TECK

Teck Resources - TECK Stock Forecast, Price & News

$31.08
+0.16 (+0.52%)
(As of 08/9/2022 10:23 AM ET)
Add
Compare
Today's Range
$30.69
$31.40
50-Day Range
$25.73
$45.74
52-Week Range
$19.32
$45.90
Volume
96,549 shs
Average Volume
5.83 million shs
Market Capitalization
$16.22 billion
P/E Ratio
3.86
Dividend Yield
1.31%
Price Target
$51.13

Teck Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
64.5% Upside
$51.13 Price Target
Short Interest
Healthy
1.76% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-9.56
Upright™ Environmental Score
News Sentiment
-0.09mentions of Teck Resources in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-35.08%
From $6.87 to $4.46 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Basic Materials Sector

34th out of 166 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

2nd out of 14 stocks

TECK stock logo

About Teck Resources (NYSE:TECK) Stock

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, Energy, and Corporate segments. The company's principal products include steelmaking coal; copper, gold, blended bitumen, lead, silver, molybdenum, zinc, and zinc concentrates; chemicals, fertilizers, and other metals. It also produces indium and germanium. In addition, the company holds interest in Frontier oil sands projects in the Athabasca region of Alberta; and owns interests in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada.

Teck Resources Price Performance

TECK Stock opened at $30.92 on Tuesday. The stock has a market cap of $16.13 billion, a PE ratio of 3.84, a P/E/G ratio of 2.14 and a beta of 1.15. The company has a current ratio of 1.82, a quick ratio of 1.25 and a debt-to-equity ratio of 0.25. Teck Resources has a 12 month low of $19.32 and a 12 month high of $45.90. The company has a 50-day moving average price of $32.72 and a 200 day moving average price of $36.36.

Teck Resources (NYSE:TECK - Get Rating) (TSE:TECK) last announced its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.01 by $1.24. The firm had revenue of $5.79 billion during the quarter, compared to analysts' expectations of $5.59 billion. Teck Resources had a net margin of 28.90% and a return on equity of 23.73%. The company's revenue was up 126.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. Equities research analysts anticipate that Teck Resources will post 6.87 earnings per share for the current year.

Teck Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a $0.097 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.25%. Teck Resources's payout ratio is currently 4.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their price target on Teck Resources from C$68.00 to C$62.00 in a research note on Tuesday, July 19th. TheStreet upgraded Teck Resources from a "c+" rating to a "b-" rating in a research note on Friday, May 27th. CIBC raised shares of Teck Resources from a "neutral" rating to an "outperform" rating in a report on Wednesday, June 15th. Clarkson Capital reaffirmed a "neutral" rating on shares of Teck Resources in a report on Tuesday, June 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Teck Resources from $48.00 to $47.00 and set a "buy" rating on the stock in a report on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Teck Resources has an average rating of "Moderate Buy" and an average target price of $50.13.

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TECK Stock News Headlines

Recap: Teck Resources Q2 Earnings
Teck Resources (NYSE:TECK) PT Lowered to C$42.00 at Barclays
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TECK Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Last Earnings
7/27/2022
Today
8/09/2022
Ex-Dividend for 9/29 Dividend
9/14/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
10,600
Year Founded
1906

Price Target and Rating

Average Stock Price Forecast
$51.13
High Stock Price Forecast
$63.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+64.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
17 Analysts

Profitability

Net Income
$2.29 billion
Pretax Margin
45.25%

Debt

Sales & Book Value

Annual Sales
$10.76 billion
Cash Flow
$7.26 per share
Book Value
$36.03 per share

Miscellaneous

Free Float
N/A
Market Cap
$16.22 billion
Optionable
Optionable
Beta
1.15

Social Links


Key Executives

  • Mr. Donald R. Lindsay B.Sc. Honours (Age 63)
    M.B.A, Pres, CEO & Director
    Comp: $3.72M
  • Mr. Harry Milton Conger IV (Age 66)
    Exec. VP & COO
    Comp: $1.49M
  • Mr. Peter C. Rozee
    Sr. VP of Commercial & Legal Affairs
  • Mr. Robin B. Sheremeta
    Sr. VP of Coal
  • Crystal J. Prystai
    VP, Corp. Controller & Interim CFO
  • Mr. Alexander Nicholas Christopher B.Sc (Hons) (Age 56)
    B.Sc., P.Geo (BC), P.Geo., Sr. VP of Projects & Technical Services
  • Mr. H. Fraser Phillips
    Sr. VP of Investor Relations & Strategic Analysis
  • Chris Stannell
    PR Mang.
  • Mr. Réal Foley
    Sr. VP of Marketing & Logistics
  • Mr. Nicholas Peter M. Hooper (Age 51)
    Sr. VP of Corp. Devel. & Exploration













TECK Stock - Frequently Asked Questions

Should I buy or sell Teck Resources stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 2 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TECK shares.
View TECK analyst ratings
or view top-rated stocks.

What is Teck Resources' stock price forecast for 2022?

17 Wall Street research analysts have issued twelve-month target prices for Teck Resources' stock. Their TECK share price forecasts range from $36.00 to $63.00. On average, they expect the company's stock price to reach $51.13 in the next twelve months. This suggests a possible upside of 65.4% from the stock's current price.
View analysts price targets for TECK
or view top-rated stocks among Wall Street analysts.

How has Teck Resources' stock price performed in 2022?

Teck Resources' stock was trading at $28.82 at the start of the year. Since then, TECK stock has increased by 7.3% and is now trading at $30.92.
View the best growth stocks for 2022 here
.

Are investors shorting Teck Resources?

Teck Resources saw a increase in short interest in June. As of June 30th, there was short interest totaling 9,540,000 shares, an increase of 30.3% from the June 15th total of 7,320,000 shares. Based on an average daily trading volume, of 5,930,000 shares, the short-interest ratio is presently 1.6 days. Currently, 1.8% of the company's shares are sold short.
View Teck Resources' Short Interest
.

When is Teck Resources' next earnings date?

Teck Resources is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our TECK earnings forecast
.

How were Teck Resources' earnings last quarter?

Teck Resources Limited (NYSE:TECK) posted its quarterly earnings data on Wednesday, July, 27th. The basic materials company reported $3.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $1.24. The basic materials company had revenue of $5.79 billion for the quarter, compared to analysts' expectations of $5.59 billion. Teck Resources had a trailing twelve-month return on equity of 23.73% and a net margin of 28.90%. The company's revenue for the quarter was up 126.2% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS.

How often does Teck Resources pay dividends? What is the dividend yield for Teck Resources?

Teck Resources declared a quarterly dividend on Tuesday, July 26th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.097 per share on Thursday, September 29th. This represents a $0.39 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for TECK
.

Is Teck Resources a good dividend stock?

Teck Resources (NYSE:TECK) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.33%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 4.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 8.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECK.

What other stocks do shareholders of Teck Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Associated British Foods (ABF) and Chaarat Gold (CGH).

What is Teck Resources' stock symbol?

Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."

Who are Teck Resources' major shareholders?

Teck Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include Bank of Nova Scotia (0.79%), TD Asset Management Inc. (0.71%), PM CAPITAL Ltd (0.43%), Mirae Asset Global Investments Co. Ltd. (0.42%), Connor Clark & Lunn Investment Management Ltd. (0.34%) and National Bank of Canada FI (0.30%).

How do I buy shares of Teck Resources?

Shares of TECK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Teck Resources' stock price today?

One share of TECK stock can currently be purchased for approximately $30.92.

How much money does Teck Resources make?

Teck Resources (NYSE:TECK) has a market capitalization of $16.13 billion and generates $10.76 billion in revenue each year. The basic materials company earns $2.29 billion in net income (profit) each year or $8.05 on an earnings per share basis.

How many employees does Teck Resources have?

Teck Resources employs 10,600 workers across the globe.

When was Teck Resources founded?

Teck Resources was founded in 1906.

How can I contact Teck Resources?

Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The official website for the company is www.teck.com. The basic materials company can be reached via phone at (604) 699-4000, via email at investors@teck.com, or via fax at 604-699-4750.

This page (NYSE:TECK) was last updated on 8/9/2022 by MarketBeat.com Staff

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